SOURCE: Premier Holding Corporation

Premier Holding Corporation

February 29, 2016 14:22 ET

Premier Holding Corporation Subsidiary, The Power Company, Closes Its Largest Commercial Power Contract to Date

The Power Company Signs Deal With Major Media Marketing Company to Provide Deregulated Power to Over 2,000 Advertising Locations in 8 States

TUSTIN, CA--(Marketwired - Feb 29, 2016) - Premier Holding Corporation (OTCQB: PRHL) announces that its subsidiary, The Power Company (TPC), has completed a contract with one of the largest media marketing companies to supply deregulated power to over 2,000 locations within 17 different utilities, which will save them an estimated $550,000 per year under this new agreement.

In the media marketing industry, companies can experience high energy costs because of their distribution in remote locations, and although individual locations do not consume as much power as larger commercial facilities, the aggregate power consumption of all these locations is substantial. The opportunity for savings is significant.

Managing Director of TPC, Chery Arts, said, "This again demonstrates how The Power Company can successfully manage a large, distributed and complex project; in this case it involved processing over 100,000 pages of account information, and provide significant value to its clients. Our breadth of services is only exceeded by the breadth of clients we can serve."

President and CEO of Premier Holding, Randall Letcavage, commented, "This is yet another large commercial deal made by our team at TPC, which is added to our consistently performing residential sales team. TPC is on track to having another record year, and the growth in our commercial sales business is extremely exciting."

About Premier Holding Corporation

Under the corporate motto, "Everything Energy," Premier is an energy holding company focused on acquiring and integrating energy companies as synergistic subsidiaries. The Company accumulates residential and commercial clients in deregulated markets from all subsidiaries and cross sells energy and energy efficiency products and services, maximizing profit potential and minimizing cost of client procurement. In addition, Premier Holding provides top line management and financial support, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies. Additional integrated business offerings include direct energy services as power purchase agreements (PPAs), energy financing and leasing of generation programs in urban and rural real estate environments, lighting efficiency systems and refrigeration systems. For more information, visit: PRHL Investors Relations at www.prhlcorp.com.

About The Power Company (TPC)

The Power Company USA, LLC is a professional energy services firm offering brokerage and consulting services with a progressive and unique perspective on energy management based in Chicago, Illinois. Their mission is to assist companies in reducing and managing their electricity expenses. Their diverse portfolio of energy providers, transparent pricing, and unparalleled industry experience offers customers the freedom of exploring all of their options for choosing the best plan and provider. Operating in all currently deregulated states, including Texas, New York and Illinois, TPC and its partners/suppliers have provided an invaluable service to its clients. Their team has consulted and/or serviced such prominent companies, organizations and governmental entities such as: The City of Dallas, Ralcorp, Choice Hotels, Apex Hospital Systems, Mercedes Dealerships, Leona's Restaurant Group, McDonald's, and many others. Because of the large amount of business transacted and their long-standing relationships with Regional Energy Suppliers, TPC is assured to provide the most competitive prices in the industry. For more information, visit: www.thepowercompany.com.

Premier Holding Corp. Safe Harbor

This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or other similar expressions. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.

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